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Source: Common Domain

How People Misjudge Discretionary Income in Retirement

Tuesday 14:32 GMT

Back in mid-2011, the Journal of Financial Planning (for whom I serve as a retirement columnist) surveyed advisers who used various strategies for retirement income generation about how many clients made “significant changes” to their lifestyle in the years just after the Great Recession.

They recognized that assets for discretionary expenses most likely to occur earlier in retirement need to be invested more conservatively–not more aggressively–than assets invested to fund spending throughout all of retirement.


“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte